Magdiel Matias
Matias Realty, LLC
(351) 207-3297
42 Total Sales
1 in Downtown Lawrence
$870,000 Price
185 Chestnut St Lawrence, MA 01841
Downtown Lawrence Neighborhood
19
Beds
7
Baths
3,843
Sq Ft
5,662
Sq Ft Lot
Highlights
- Medical Services
- Shops
- Coin Laundry
- 0.13 Acre Lot
- 1 Car Garage
- Fenced
About This Home
As of May 2025Unlock the potential of this fully rented, cash-flowing six-unit multi-family property in Lawrence, MA. Featuring a three-family, a two-family, and a single-family home, this unique asset provides multiple income streams and a proven history of low vacancy. With separate utilities, private parking for 12 vehicles, and a garage with ADU potential, this property is designed for maximized returns. The pro-forma NOI of $165,503 and a projected cap rate of 10.3 to 11 percent offer immediate cash flow and long-term appreciation. Whether you're expanding your portfolio or securing a high-yield asset, this is the investment you’ve been waiting for. Opportunities like this don’t last—schedule your private showing today.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,878
Year Built
- Built in 1910
Lot Details
- 5,662 Sq Ft Lot
- Fenced
Parking
- 1 Car Garage
- Driveway
- Open Parking
Home Design
- 3,843 Sq Ft Home
- Block Foundation
- Stone
Bedrooms and Bathrooms
- 19 Bedrooms
- 7 Full Bathrooms
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Lawrence, MA
-
Magdiel Matias
-
Jose Frias
Jose Frias
Responds QuicklyRealty ONE Group Nest
(351) 215-0157
129 Total Sales
1 in Downtown Lawrence
$410,000 Price
-
Donna Gay
Donna Gay
Responds QuicklyRight Way Realty LLC
(351) 666-8448
77 Total Sales
1 in Downtown Lawrence
$589,000 Price
-
Team Valdez Mejia
Team Valdez Mejia
Keller Williams Realty
(351) 208-2030
158 Total Sales
1 in Downtown Lawrence
$820,000 Price
-
James Kalogeropoulos
James Kalogeropoulos
RE/MAX Partners
(774) 545-8720
84 Total Sales
1 in Downtown Lawrence
$500,000 Price
-
Tracey Cleversey
Tracey Cleversey
Hive Property Group
(339) 444-2143
53 Total Sales
1 in Downtown Lawrence
$782,750 Price
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/23/2025 05/23/25 | Sold | $1,549,900 | 0.0% | $403 / Sq Ft | |
| 03/23/2025 03/23/25 | Pending | -- | -- | -- | |
| 03/19/2025 03/19/25 | For Sale | $1,549,900 | +138.5% | $403 / Sq Ft | |
| 05/04/2018 05/04/18 | Sold | $649,900 | 0.0% | $111 / Sq Ft | View Prior Sale |
| 02/28/2018 02/28/18 | Pending | -- | -- | -- | |
| 02/21/2018 02/21/18 | For Sale | $649,900 | -- | $111 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Agents Affiliated with this Home
-
Eridania Reyes
E
Seller's Agent in 2025
Eridania Reyes
View Real Estate Group
(978) 893-8327
1 in this area
45 Total Sales
-
Angelica Dosari
A
Buyer's Agent in 2025
Angelica Dosari
Invest Realty Group
1 in this area
10 Total Sales
-
Team Zingales
T
Seller's Agent in 2018
Team Zingales
Team Zingales Realty, LLC
(888) 832-6910
1 in this area
141 Total Sales
-
Joe Zingales
Seller Co-Listing Agent in 2018
Joe Zingales
Team Zingales Realty, LLC
(978) 991-5688
46 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73343750
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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